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Nonprofiteer
← ONE CITY BROADWAY LLC

Form 990 for tax year 2022

Filed by ONE CITY BROADWAY LLC.

What the amendment changed

Compared with the return it replaced , filed 12 May 2023. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$13,454,566 changed to $583,863
Total expenses
$12,063,959 changed to $435,579
Contributions and grants received
$13,454,566 changed to $318,057
Grants paid
$11,734,931 changed to $0
Program service revenue
$0 changed to $110,000
Other revenue
$0 changed to $155,806
Total assets, end of year
$23,296,078 changed to $21,565,957
Total liabilities, end of year
$21,905,471 changed to $20,027,066
Net assets or fund balances, end of year
$1,390,607 changed to $1,538,891
Program services expenses
$11,887,621 changed to $285,352
Management and general expenses
$166,796 changed to $134,358
Fundraising expenses
$9,542 changed to $15,869
Program service expenses (Part III)
$11,887,621 changed to $285,352

Listed only on the earlier return

  • Joseph Lee

Listed only on the later return

  • David Aguayo
  • Mike Hanson
  • Sui-Nae Stroman

Listed under a different title

  • Catherine Zdeblick: DIRECTOR then DIRECTOR (THRU DEC)
  • Salli Martyniak: DIRECTOR then DIRECTOR (THRU DEC)
  • Toya Pedracine-Stewart: DIRECTOR then DIRECTOR (THRU MAY)
  • Wajiha Akhtar-Khaleel PhD: DIRECTOR then DIRECTOR (THRU DEC)

Totals

Total revenue
$583,863
Total expenses
$435,579
Contributions and grants received
$318,057
Grants paid
$0
Program service revenue
$110,000
Investment income
$0
Other revenue
$155,806
Total assets, end of year
$21,565,957
Total liabilities, end of year
$20,027,066
Net assets or fund balances, end of year
$1,538,891
Program services expenses (Part IX)
$285,352
Management and general expenses
$134,358
Fundraising expenses
$15,869
Program service expenses (Part III)
$285,352

Program services were 65.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $318,057

  • 2a · Program service revenue: RENTAL INCOME

    total $110,000 · related or exempt $110,000

  • 11d · All other revenue

    total $155,806 · excluded $155,806

  • 11e · Other revenue, total

    $155,806

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $7,380 · management and general $7,380

  • 11g · Fees: other

    total $8,759 · management and general $8,759

  • 13 · Office expenses

    total $8,688 · management and general $8,688

  • 22 · Depreciation, depletion and amortization

    total $305,795 · program services $212,920 · management and general $81,034 · fundraising $11,841

  • 23 · Insurance

    total $104,027 · program services $72,432 · management and general $27,567 · fundraising $4,028

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $930 · management and general $930

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,301,536 · end of year $925,092

  • 4 · Accounts receivable

    beginning of year $10,000 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $22,651 · end of year $27,125

  • 10a · Land, buildings and equipment: cost or other basis

    $19,733,025

  • 10b · Land, buildings and equipment: accumulated depreciation

    $305,794

  • 10c · Land, buildings and equipment, net

    beginning of year $15,785,382 · end of year $19,427,231

  • 15 · Other assets

    beginning of year $1,176,509 · end of year $1,186,509

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,760,071 · end of year $122,601

  • 23 · Secured mortgages and notes payable

    beginning of year $19,070,000 · end of year $19,070,000

  • 25 · Other liabilities

    beginning of year $75,400 · end of year $834,465

  • 27 · Net assets without donor restrictions

    beginning of year $1,390,607 · end of year $1,538,891

Mission and programs · 2022

Mission

NONE

Activities or mission (Part I)

REAL ESTATE HOLDING COMPANY FOR SOLE BENEFIT OF ONE CITY SCHOOLS, INC., A 501(C)(3) ORGANIZATION.

  • ONE CITY BROADWAY, INC. HOLDS TITLE TO COMMERCIAL RENTAL PROPERTY THAT PROVIDES SPACE FOR THE ELEMENTARY SCHOOL AND SECONDARY SCHOOL.

    Expenses $285,352 · Revenue $110,000

As filed on the 2022 return.

Listed in Part VII

  • Noble Wray

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Joseph Krupp

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Carola Gaines

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Torrey Jaeckle

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Wajiha Akhtar-Khaleel PhD

    DIRECTOR (THRU DEC)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Gordon Derzon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Scott Klug

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Gloria Ladson-Billings

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Salli Martyniak

    DIRECTOR (THRU DEC)

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Toya Pedracine-Stewart

    DIRECTOR (THRU MAY)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Sui-Nae Stroman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Catherine Zdeblick

    DIRECTOR (THRU DEC)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mike Hanson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • David Aguayo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Michael Kaleem Caire

    FOUNDER AND CEO

    Total calculated
    $201,518
    From this org
    $0
    From related orgs
    $172,448
    Other
    $29,070
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $157,448 related
    Bonus
    $0 + $15,000 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $29,070 related
    Filer's total
    $0 + $201,518 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE MEMBERS OF ONE CITY SCHOOLS, INC.'S GOVERNING BODY USES A COMPENSATION STUDY TO DETERMINE THE COMPENSATION OF THE FOUNDER & CEO. THE GOVERNING BODY'S DETERMINATION OF COMPENSATION AND DECISION ARE DOCUMENTED IN THE MINUTES OF THE MEETINGS OF THE GOVERNING BODY.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • ONE CITY SCHOOLS INC

    501(C)(3) · TO PROVIDE HIGH QUALITY LEARNING OPPORTUNITIES FOR CHILDREN BIRTH TO AGE 6. · WI

  • ONE CITY SCHOOL FOUNDATION INC

    501(C)(3) · TO SUPPORT THE MISSION OF ONE CITY SCHOOLS, INC. · WI · controlled entity

    Directly controlled by ONE CITY SCHOOLS INC

Provenance

Return type
form_990
Tax year
2022
Filed
9 May 2024
IRS schema version
2022v5.0
Source object
202421349349306667

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